Bitcoin Forum
June 13, 2024, 03:41:08 PM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
  Home Help Search Login Register More  
  Show Posts
Pages: « 1 ... 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 [128] 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 ... 747 »
2541  Economy / Service Discussion / Re: Gemini allegedlly prepares for Chapter 11 bankruptcy on: January 18, 2023, 07:12:02 PM
I'm confused!

Isn't Genesis that is preparing for bankruptcy? Genesis is part of Digital Currency Group (DCG) they are not related to Gemini Trust!
There is an active investigation on the two of them over unregistered securities sales but that's a different thing!
2542  Economy / Exchanges / Re: Email received from Binance, Matter of concern ? on: January 18, 2023, 07:02:27 PM
So you mean to say that it is not only me but other people also receiving the same email from binance. If this is true then in one way it is good for me, as i am not a only target for binance Smiley

I've already mentioned it, you're not alone!!!!
One simple search on twitter:
https://twitter.com/piperbluedj/status/1615355993956696065
https://twitter.com/CryptoAwaz/status/1615324488765263872
https://twitter.com/CristenZack50/status/1615302852431298561

A few hours ago I received an email from Binance "Withdrawal Confirmation Pending" while the sender of the email is transactions76447@clientes.clientifymail.com I'm not sure this is an official email from Binance

https://www.binance.com/en/official-verification
Quote
The source you entered is not verified and is not official Binance domain. Please exercise caution and only interact with verified official Binance sources.

Since this email is explicitly send to the OP

No, it's not!
2543  Economy / Economics / Re: Passive income : Bank interest vs staking on: January 18, 2023, 01:57:18 PM
One of the crypto's with interesting staking returns is #ICP¨, as it can give you uptill 28% APY (yearly).
Sounds better no?
Wake up people, before you end up poor!

We will speak end 2022 if your 1% bank interest was better than investing with 28% APY at a low of 17 (in this example..., is not the only project I am staking)

Time will tell Wink

I nearly forgot about this till somebody pointed it out.

Seems like it's time to see the result:
So you had $17
- putting it in a bank with 1% you would have $17.17
- despite the last pump, your investment is currently $5.4 and with an APY of 28% is $6.92.
So not only you haven't made a profit but you also lost $10.08 of your investment of $17$

Probably a lesson that earning more money by just buying money doesn't work always how some wish it would.
2544  Bitcoin / Bitcoin Discussion / Re: Bitcoin & China time to time waving History on: January 18, 2023, 01:20:15 PM
I do admire your motivation and emotion with the Bitcoin and Bitcoin community we all are bitcoiners but dear imagine an interval when China do openly support bitcoin for their international trades.

This! People always say China banned Bitcoin, so what, we're still here, it still has grown but fail to understand that it would have been way better if this didn't happen at all. Yes, for a while Bitcoin can grow perfectly even without China but at one point you're going to hit a limit that wouldn't have been there, a 14 trillion economy and 1.4 billion people using it with no restriction.

It's like having a restaurant in a small town, yes, it can be successful, it can be profitable, and you can have it packed all day long but that's it, you will never be able to serve 1k customers a day when the whole population is barely 2k. In order to grow you need to expand and this is where this limit hits.




2545  Economy / Services / Re: Want Service from Slovenia,Australia People on: January 18, 2023, 12:54:48 PM
Since you don't want "fake people", maybe you should share what is it all about, what are those tasks that people will have to do.

I have a feeling he is not going to do so as he knows he will be criticized for the task, if it was a simple thing that could be done with no problem he would have already said, 5$ to do this, as he said in some of his other "offers", but since he says real it will most likely have something to do with your identity, so far better to stay away from such deals, most of them will come to bite you in the ass later.


2546  Economy / Economics / Re: Could this be a ploy by Saudi Arabia to explore the crypto market ? on: January 17, 2023, 09:28:15 PM
So could this be a comparative advantage for the crypto market?

No, as it has nothing to do with cryptos and it wasn't about that in the first palce!

Quote
“There are no issues with discussing how we settle our trade arrangements, whether it is in the US dollar, whether it is the euro, whether it is the Saudi riyal,” Mohammed Al-Jadaan told Bloomberg TV on Tuesday in an interview in Davos.

It was about settling their contracts in a different currency than the US dollar for partners that don't want or are unable to use it, at no point have been cryptocurrencies ever been mentioned mentioned.

Alot of countries are beginning to see the benefit of cryptocurrencies and I believe that in no time, many of them will be adopting the blockchain technology as well as crypto payment system into their mainstream payments systems.

Which ones?
2547  Economy / Economics / Re: Brace yourselves, CBDCs one Step Closer on: January 17, 2023, 06:09:45 PM
Quote
Brace yourselves, CBDCs one Step Closer

Yeah, right!
So, this is 2023 and back in 2021 we had the same thing:
https://beincrypto.com/bank-of-america-digital-asset-research-team/

So the difference between these articles is that now we have this statement:
Quote
“CBDCs do not change the definition of money, but will likely change how and when value is transferred over the next 15 years,” analysts led by Alkesh Shah wrote, adding that central bank digital currencies have “the potential to revolutionize global financial systems and may be the most significant technological advancement in the history of money.”
rather than one on the nearly same tone about transferring value via CBDC and taken two years ago and a timeline that goes to somewhere in the next 15 years something will happen.
Not too much "bracing" for impact!

Ten years ago, I said that it would take 10 years for governments start adopting CBDCs.

Can you link to your 10 year old post where you claimed and discussed that?


2548  Economy / Exchanges / Re: Email received from Binance, Matter of concern ? on: January 17, 2023, 04:51:47 PM
I guess this is about Binance p2p trades but how do we know what is their source of funds? Or their country of origin to find whether they are living in restricted or supported for cryptocurrency trading. It makes sense if they terminate the accounts which are from restricted countries so others won't be worried with each trade.

Because one can pass KYC verification with an EU ID card or passport and then in p2p ask you to send money to some bank account that is not in Europe at all but in a sanctioned country or he could make you accept money from a sanctioned country by offering you a better price with a 5-10% premium.
Binance has no control over what you deal with the other guy in private.

2549  Economy / Exchanges / Re: Email received from Binance, Matter of concern ? on: January 17, 2023, 04:33:39 PM
Now what is binance concerned about here? If we received bitcoin from sanctioned country or person, our account will be at risk ?

If they would have been concerned about what you already did you would most likely have had your account frozen by now and not a warning of please don't do more money laundering or we will be upset with you.

It's a general reminder that has been already sent to thousands of accounts and made some already panic on Twitter, it's just Binance way of claiming it does something against money laundering and warning those who know they are in shady deals to pack their bags and go away in silence without a tantrum when shit hits the fans.

I'm quite curious if I'm going to get one since I haven't gone through the new verification and my account and card are frozen already!
2550  Economy / Economics / Re: U.S. Safety Agency Eyes Ban on Gas Stoves As Health Concerns Mount on: January 17, 2023, 04:22:52 PM
I put magnets on the fuel line of my furnace, water heater, grills and stove. You can buy some magnets for less than five dollars at Lowes or Home Depot. They come in pairs and they are rectangular. The key is, the way the north and south poles are oriented. Put them together slowly and rotate them 360 degrees. If they stay together then they should work.

Seriously you believe?
Magnets are used to clean the fine particle of metals that remain after a major gas pipe is cleaned in the interior, with a magnetic pig run usually, you putting a few 1$ magnets on top of a gas line has the same effect as rubbing gas pipe so the gas inside gets warmer and produces more heat!
Btw if it would have that effect and it would be noticeable how comes it already hasn't blocked your pipes?

Also saves on my fuel bill and makes the food taste much better with a lower taste of propane. No more city beef... no more city chicken... enjoy!

Then why aren't you making your entire pipes out of magnets, you might that way actually produce gas while cooking!

Now, this is concerning 😟
~
I have never seen any smoke and the gas flame is always in blue color which makes me believe it's working properly.

Blue fame means good combustion, it means no dangerous carbon monoxide is being produced so no risks of getting CO poisoning, that aside CO is odorless and tasteless, so a human won't be able to properly detect it, and that's why the fatalities from it.

the gas stoves for now is more efficient especially in the developing country In my country the government still subsidized the gas because the price is crazy and we can afford electrical stove

An induction cooktop beats the crap out of a gas or electric stove in terms of efficiency!

2551  Economy / Economics / Re: Yellen warns of U.S. default risk by early June, urges debt limit hike on: January 17, 2023, 03:47:11 PM
Us Default is imminent...

If I had a satoshi for every article that claimed US will default or that the government will go bankrupt I would now have more coins than Satoshi. Heck, the US defaulted on its debt more times than Bitcoin got killed and that by an order of two of magnitudes.

Retired americans on social security are the largest viewer demographic for television news. They don't know who Alex Jones is. They're typically insulated from the information and news stories making the rounds on social media and the internet. Which means they could be the most surprised and unprepared demographic, if a US default were to occur.

Wait, do you consider now listening or not knowing about the pathetic lying piece of *** counterfeit viagra salesman Alex Jones a bad thing?
Sorry but the ones that are not brainwashed by the same clickbait headlines and fake articles and constant doom and gloom that was predicted for decades are actually the ones who would act far more rationally in the even of a crisis.
2552  Other / Archival / Re: Mass adoption: Naming my child bitcoin on: January 17, 2023, 02:15:53 PM
I think naming my child bitcoin will not be such a bad idea as it would help create awareness about bitcoin.

And then have him painted yellow, tattoo a BTC on his forehead, and use him as your advertising puppet!

Because yeah, who cares about what your kid will think, who cares what might happen 5 years from now just like those morons who named their kid Daenerys and now have to listen to how she is being bullied and getting called names because their parents have nothing better to do than name it after a character they knew shit about.

Don't you have any other way of raising awareness now, and not waiting 7 years to make a kid and name him like that?

If you want to make an homage to Bitcoin, probably at least pick Satoshi or Hal instead?

Or better this with Harold, 'cause that was his real name and you don't risk screwing your kid's life!   Wink
Besides, I don't think that many would know what Hal refers to, if one more movie gets made from the Space Odyssey series, 99% will think of the computer rather than Hal Finney when hearing the name!

But yes, if you go back to the heyday of the USSR, then you, OP, would be on the same footing with these idiots.

Worse things can happen.
You can name your girl Candida, that's Latin for "glowing white" only to see how a few decades later that is used mainly for describing gut and vaginal infection.
2553  Other / Beginners & Help / Re: How to pay crypto tax in UK? on: January 17, 2023, 01:59:12 PM
You pay taxes on your capital gains over the year, this means that there is no "sorting out" before withdrawing!
Does this mean one would pay capital tax even though they are yet to liquidate their assets?
- Jay -

No, you pay capital gains when you make those gains, and this can't be done without you first selling them and thus taking your gains.

If you sell your coins for $ and leave those $ for years there and do not withdraw them you will indeed pay taxes even without cashing out to a bank account, but that's most likely an exception for many, what I was trying to say is that if you sell your coins today you don't have to pay taxes tomorrow before the exchange allows you to withdraw.
2554  Other / Beginners & Help / Re: How to pay crypto tax in UK? on: January 17, 2023, 01:11:57 PM
Do we just withdraw our funds and then pay tax or does it have to be sorted out before withdrawing?

You pay taxes on your capital gains over the year, this means that there is no "sorting out" before withdrawing!

I don't know if you ever encountered or will encounter such a thing but again, this is a place to mention a warning for everyone that any shady exchange asking you for a sum of money to pay taxes before withdrawing your fund is a scam!

If for example I had spent £5k on crypto during 2022/2023 and in 2024 I wanted to withdraw £100k profits, what is the tax on that and how do I pay it?

@Pokapoka124 linked you to a tax calculator, selling Bitcoins at a profit in UK will make you pay Capital Tax gains, depending on your other income and the amount you have cashed out you might qualify for the no tax, low tax or in the case above you're going over the brackets so you'll have to pay around £12k for this.

But things change, Uk is moving to lower the CGT allowance from £12.3k to £6k this year and even further to maybe £3k the next so it all comes down to what the taxes are in the year you want to sell and take your profits! And nobody can be really sure what these will be in 2024!
2555  Other / Beginners & Help / Re: Treat your Bitcoin as if it is already Worth 10x of what it is on: January 17, 2023, 12:51:45 PM
What if 10x the current price is my sales target?  Tongue
Don't wait to feel be rich to be skeptical

That was my reaction too when I read the title, suppose I'm going to pay you in BTC but instead of 0.5 I'm going to send you 0.05, cause that's how I see the value. Wonder what would the reaction of the seller be like  Cheesy

Quote
What do you say?

That acting differently and taking different security measures that should be mandatory because of a possible price increase make little sense.

You're focusing too much on the price of a BTC and not realizing that even an x10 might not change things radically for some. A guy owning now 100 BTC already has 2 million which might make him a designed target if he posts all over the net his email/phone and his wealth, keeping 2 million on some centralized is already stupid. On the other hand, someone who makes $400k a year and now owns just 0.1 BTC at $2k will just see possible gains $20000, still close to nothing for his overall finances and still in the region of "afford to lose" and can keep it there if he wants to daily trade as it basically plays money for him and he can buy it at any time back before it hits 10x. But if you have BTC0.5 and your monthly wage in a 3rd world country is $300, it's pretty clear what you should have done a long time ago!

So, an increase in price means little for some without some context.

That aside, unless you're doing active daily trading or you plan to sell in the next days no matter the price, there is absolutely no point in holding coins on an exchange for a long period.

Therefore, if you currently own one bitcoin, which is currently worth over $20,000, or a few Satoshis, which is each currently worth a few hundred dollars,

I'm selling you a satoshi for just one $, how many do you want?
2556  Bitcoin / Mining / Re: An honest answer on mining with solar on: January 16, 2023, 01:06:12 PM
The first question would be, were in Nigeria?  Wink

Cause if you're Port-Harcourt you're looking at an annual PVOUT of 1250kwh, if you're in Katsina it goes up to 1750 kwh.
That's the kWh production for 1kw of installed solar panels on average.

Add the costs, put at least a 30% margin on the power capacity for the solar panels compared to the miner consumption so you can actually mine without peak hours, and add all the costs as I have no clue how much those will cost imported with transport and taxes and install there if there are any government subsidies or anything like this and draw the line.

Going a bit to the extreme, you spend $1000 for 1Kw system, giving you 1250kwh a year, which would allow you miner to run 15 days, earning you 100$. You get them cheaper and you're in a better location, you spend $500 (highly doubt it) for $140 a year.
Not including the miner itself in the above!

2557  Economy / Economics / Re: Twitter could launch in-app ‘coins’ to help creators make money on: January 14, 2023, 01:08:44 PM
What does this have to do with freelance writing? Freelance writers get hired to write texts for someone. Twitter is just a microblogging platform. It's a completely different field.

Well, let's say that freelance writers are paid $0.05 per word written on average.
The limited word and character restrictions of twitter restrict long form content.
Which could significantly raise the revenue writers are paid per word.

It doesn't work like that, Twitter users are not going to get paid at a fixed rate and nobody is going to use Twitter for writing essays it's gain the main reason this platform and its character limit count exists when doing freelance work as a writer your skills and price come first, with Twitter the first thing and the second and the third and so on will be followers and interactions count. One meme will probably earn more than 1000 pages about any historic event or economic model!

Freelancers don't care about the traffic the platform that pays them has as it's not their business, with this, you will care first about traffic as no matter how good you are at writing if you're not attracting followers you won't make a penny!

Extremely weird there's no mention of Doge,

Again, why?
Tell me the advantages of Twitter integrating Doge into this rather than an inbuild centralized currency.
And do so from Twitter's perspective, not from the doge bagholder one!
2558  Other / Beginners & Help / Re: Sometimes more effort is what is needed. on: January 14, 2023, 12:40:55 PM
~ but on this one I thought to myself hey bro this time you got to do it yourself without seeking for assistance on this very one from the forum else you might flood the forum with so much excessive support questions within a shart frame.

There is no flooding when you ask genuine questions!
If they are all related to the same thing, for example, Binance, you can do it on the same topic, I don't see a problem with it!

Of course, it's far better to do your own research than trust an anonymous person on the internet but speaking from a forum user point of view it's far better when topics with any kind of questions are created since not only can others read the solution before they encounter the problem but it also helps with further answers on that kind of problem, as some will take bits of information from this to answer another.
To be honest, I would prefer everyone would ask any kind of question rather than falling for a scam or a trick or losing their coins in god knows what way, if it has already been answered someone will link the topic and that's it, far better than the ton of useless spam we have already.
2559  Other / Beginners & Help / Re: Trust no one in Bitcoin (Coldkey story) on: January 13, 2023, 02:28:06 PM
Even more, while 95% of the cases the manufacturers can be trusted (at least until now), the more hands the collectible pass on, the bigger the chance somebody has found a way to unseal it and copy the private key for "future use".

I was thinking, in cases like this, when you have already auctioned or sold one of those cards privately if the manufacturer wouldn't have acted like yogg and swiped all the funds but just randomly scammed one user in a collection after a year or so, you might end up in trouble and it's going to be a pain the ass to avoid getting dragged in court if the sum is anything significant like 1BTC funded ones that were auctioned years ago!

Sad story and an eye-opener, but we could have lived without it!
Try starting a business like that now, I wonder how many customers you're going to get!

2560  Economy / Speculation / Re: Did Miss El Salvador cause the Bitcoin price to spike last night? on: January 13, 2023, 02:02:58 PM
Well, I think the Consumer Price Index news released yesterday triggered the market. It went 6.5% from 7.1% last November.

That's actually what caused the price rally, it started with the first numbers that pointed at inflation numbers going down and at the rumors the FED will stop hiking rates that aggressively and even stop it altogether by late autumn, the bumps coincide perfectly, always with the data release, every single time there was a swing in price depending on the news, be it bad or good.

The whole Miss Salvador won't move the markets one point, the recovery of 5 billion at least from FTX was far better news than everything e had lately.

Pages: « 1 ... 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 [128] 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 ... 747 »
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!